( Saturday musings)
I have said that tech stocks are the place to be, maybe could make that in communications.
Its been true for ages, from invention of semaphores, Edison selling papers at train stops in the 1800's, A.G Bell and the telephone.Ma Bell and her babies, Marconi, then RCA in the 20's(I missed that one), W. R Hurst with his newspapers and castle,then IBM (digital)(missed that too). Ted Turner and Murdock.
And now the Web,with satellites, fiber cables, with all the stock traders, book sellers, music stores, groceries(hehe),sports results, auto dealers,AND the daily news getting on board.
Video tapes of the Mr C/Monica serial. And soon full movies with sound over the net.
It is impossible to estimate the growth and predict the market cap of successful companies in the field. It just huge,so there are no valid arguments over "excessive market cap"
Dell is a leader in providing the equipment and will progress further.
Csco and Lu are solid. Cpq is an unknown in regard to return to shareholders.
Re Msft:
I think you would have to admit they were getting a bit'out of hand' or carried away, with all the new ventures, satellites, web presence, Win, Win 95,Win98, Nt5 etc(G).
Might have stepped on some big toes when starting to mess with Unix
compatability(G)
Although we have laws, the Feds can change those after the fact, the IRS has imposed retroactive taxes, the SEC did impose
retroactive margin requirements on silver to destroy the Bass brothers when they cornered the silver market, and Congress is pondering whether to exempt Mr C. from perjury laws.Even the Constitution is in jeopardy.
IMO if not for Bill gates we may today be using an O/S written in Japan.(just kidding), or possibly we could all be using several different ones and could sit around discussing which one was best.
That msft case may drag on for many more years
But enough of that, where is the predicted 8AM rain????
Oddity: I have sample of early communications, a postcard from England dated in 1918 from my father to his father in Chicago, saying he would arrive home in Chicago with $5 mustering out pay after 2 years in the navy.
So whos worried about a depression????
Regards, have a good weekend and don't let this undervalued stock get away (g)
Sig (who is counting blessings )
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